EUR/USD is striving to hold above 1.0750 despite extending its upward momentum to the day's high at 1.0800. The strength of this currency pair is being supported by weaker-than-expected US NFP report, fueling expectations for an early interest rate cut by the Fed.
Meanwhile, in the Eurozone, attention is focused on the European Central Bank (ECB), with many...
GBP/USD is struggling to maintain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment report from the US triggered a sell-off in the US Dolla (USD) and helped this currency pair reach its highest level in weeks above 1.2600. The disparity in economic data between the US and the UK...
The British Pound continues its upward momentum against the US Dollar, however, there has been a decline below the 1.2550 mark after surging to a high in the past three weeks at 1.2634 following the release of the US Non-Farm Payrolls (NFP) report.
On the 4-hour chart, the Relative Strength Index (RSI) has been trading above the 50 level and continues to trend...
The price of gold dropped to $2,227 following the release of the report on non-farm payrolls and unemployment rate. However, afterwards, gold continued to trade steadily and ended the session around $2,300.
While the price remains in a downward trend, there is potential for short-term recovery as it approaches the trendline. Nevertheless, if the price continues...
EUR/USD continues to maintain its upward momentum as it surged to the 1.0800 level in Friday's US trading session, reflecting the weakness of the US Dollar following weaker-than-expected Non-Farm Payrolls (NFP) data.
Meanwhile, the ISM Services Purchasing Managers Index (PMI) data for ISM services in April also fell short of expectations. This fuels expectations...
Crypto Analysis (4th May 2024)
BTCUSD Analysis
On the 4 hour timeframe, price action has swept the buyside liquidity and created a bearish BOS. There are 2 scenarios i am looking at currently.
1) Price rejects of the 4 hour OB and creates a 15 minute bearish Change of Character. Once it has done that, i will look for another 15 minute bearish BOS to...
DOT has been rising strongly since Tuesday, after it had previously re-entered our orange Target Zone (between $6.58 and $4.85). We currently locate the coin in the orange wave (iii) and expect a break of the resistance at $8.50 next. This should then provide further bullish momentum. We anticipate the high of this movement only well above the top of the green wave B.
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark.
Based on technical analysis on the 4-hour chart, the Relative...
Views for the bulls and bears on this one.
price currently in the 618 382 fib zone forming variations of a flag and bearish triangle.
Price still sits above the 200MA although very close - balanced market.
- For bears we need a break below 2280 with views to 2260/2255.
- For bulls we need a solid push higher and break of falling trend line support.
1. Price is at strong support level at Day TF
15 Min TF
1. After a big fall, Price is consolidation in sideways at strong support and resistance level.
2. M Pattern has formed and expected to big breakdown if support level breaks.
3. 200 & 50 EMA has reacted at resistance indicating bearish.
4. Chances of forming bearish flag pattern
Risky Buy: Above...
The price of gold fluctuated around $2,300 in Friday's Asian trading session amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar.
The 4-hour chart indicates that this currency pair is currently evolving below the SMA 20 level, despite a modest rise to the SMA 50 level yesterday. Technical indicators have also rebounded...
The Xiamoi share has overcome resistance at HK$16.98 and is heading towards the forecast top of turquoise wave 3. The bearish alternative scenario of a new low for beige alt.II remains 30% likely. An imminent sell-off below the HK$11.84 support will activate it. Primarily, however, the price should continue to move north from the (former) resistance at HK$16.98.
For the 9th time my ever-important multi-year support/resistance trend-line from 2019 has been broken to the down side, but still with no confirmation. Will this time be different? We won't know until tomorrow's candle close on the daily but after all these head fakes I wouldn't be surprised if this is yet another one.
59,300 is key support for Bitcoin rn. Watch...
Not looking great as we head into #FED and NASDAQ:AAPL earnings to close out this week. The weekly 21 EMA is 494ish. If 500 breaks then that would be next level of support to watch.
The Waste Management stock has established the low of the magenta wave (iv). The price should now be on the last leg of the overarching wave III in beige. After the high of this move, we expect a sharp corrective move to well below support at $189.97. Please also note our alternative scenario (37% likely), which will be activated on a direct fall below support at...
As we can see stock forms some kind of inverted H&D pattern and bullish crossover. the last time I've seen this stock traded at 113 was on 29th Oct.
We can plan to enter at 116 or 114 for 3 to 5%. when it breaks its H&D formation it can go further easily 🤞.
make sure Rsi STRENGHT and bullish candle formation on 15min chart when you enter.
educational purpose only!
